International Mgmt Chapter 5

ethnocentric predisposition

a nationalistic philosophy of management whereby the values and interests of the parent company guide strategic decisions

polycentric predisposition

a philosophy of management whereby strategic decisions are tailored to suit the cultures of the countries where the MNC operates

regiocentric predisposition

a philosophy of management whereby the firm tries to blend its own interests with those of its subsidiaries on a regional basis

geocentric predisposition

a philosophy of management whereby the company tries to integrate a global systems approach to decision making

globalization imperative

a belief that one worldwide approach to doing business is the key to both efficiency and effectiveness

parochialism

the tendency to view the world through one's own eyes and perspectives

simplification

the process of exhibiting the same orientation toward different cultural groups

guanxi

Chinese for "good connections